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Tech Brew Ride Home

Thursday, May 3, 2018 - Xiaomi files for a monster IPO

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 3 May 2018

⏱️ 18 minutes

🧾️ Download transcript

Summary

Xiaomi files for a monster IPO, Cambridge Analytica might not be dead after all, a whole bunch of news in the digital assistant space, NPR buys a podcast app, and how Stories have eaten social networking. Stories from: @oneunderscore__ , @JoshConstine Tweets: @rycrist Links:How Xiaomi Went From Has-Been to World's Biggest IPO in Years (Bloomberg)Stories are about to surpass feed sharing. Now what? (TechCrunch) Credits: Produced by @brianmcc and the @techmeme editors Music by @jpschwinghamer Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Ride Home for Thursday, May 3rd 2018. Today,

0:10.4

Jowmee files for a monster IPO.

0:13.0

Cambridge Analytica might not be dead after all.

0:17.0

A whole bunch of news in the digital assistant space.

0:20.0

National Public Radio buys a podcast app and how stories have eaten social networking.

0:27.0

This is what you miss today in the world of tech. Chinese smartphone maker

0:38.6

maker, Jowmee, has filed for an IPO in Hong Kong. The Beijing-based company is reportedly seeking to raise

0:45.8

$10 billion at a $100 billion valuation.

0:50.0

Jowme is the world's fourth largest smartphone maker by volume,

0:54.2

and if it attains that $100 billion valuation,

0:57.9

it would become the third largest Chinese technology

1:00.4

company by value after 10 cent and Alibaba and its IPO would become the

1:06.7

15th biggest of all time. If you're not familiar with Jowmee Bloomberg has a timely profile up about the company.

1:15.3

It's a bit of a comeback story actually.

1:17.9

After bursting onto the scene in 2011, Jaalmi struggled for a time, finding strategic direction before turning things around by releasing a whole range of products,

1:27.0

opening Apple-like retail stores, and focusing heavily on the Indian market.

1:33.0

Jowme now sells more than 500 different products and services

1:37.0

and has 190 million customers in 70 countries.

1:40.0

The company booked $18 billion in sales last year and recorded 1.9 billion in profits.

1:47.0

Bloomberg paints Jowme CEO Lejeune as a sort of Steve Jobsian visionary crossed with a pension for micromanaging quote at a level Jeff

1:58.2

Bezos might envy.

2:00.2

Lay obsesses over pixel sizes on his phone's screens and the rainbow colors of

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